Publications
On non-marginal cost-benefit analysis
Conventional cost-benefit analysis incorporates the normally reasonable assumption that the policy or project under examination is marginal in the sense that it will not significantly change … read more »
Environmental prices, uncertainty and learning
There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price … read more »
High impact, low probability? An empirical analysis of risk in the economics of climate change
To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the … read more »
New frontiers in the economics of climate change
New frontiers in the economics of climate change read more »
Strategic appraisal of environmental risks: a contrast between the UK’s Stern Review on The Economics of Climate Change and its Committee on Radioactive Waste Management
We compare two strategic policy reviews undertaken for the UK Government on environmental issues: radioactive waste management and climate change. These reviews took very different forms, … read more »
Economic policy when models disagree
We propose a general way to craft public policy when there is no consensual account of the situation of interest. The design builds on an extension … read more »
On the timing of greenhouse gas emissions reductions: a final rejoinder to the symposium on “The Economics of Climate Change: The Stern Review and its Critics
In this final rejoinder to the symposium on “The Economics of Climate Change: The Stern Review and Its Critics,” we respond to comments published in the last issue of this journal … read more »
Environmental cost-benefit analysis
Environmental cost-benefit analysis, or CBA, refers to the economic appraisal of policies and projects that have the deliberate aim of improving the provision of environmental services or actions that … read more »
